Compact one-bedroom with strong rental yield and long lease.
Chain free vacant possession on completion
This eighth-floor, one-bedroom apartment offers a compact, low-maintenance home or a ready-made buy-to-let in central Nottingham. Positioned at the rear of Marco Island, it benefits from a quieter aspect, full double glazing and electric heating, and is sold with vacant possession and no onward chain.
The apartment is currently forecast to let for around £825–£850 pcm, producing an estimated net return of about 8.9% — a clear draw for investors seeking immediate income. The open-plan living space and integrated kitchen appliances keep running costs down and simplify tenant turnaround.
Practical costs and location realities are set out up front: a service charge of £1,782.72pa and ground rent of £474.72pa apply, and heating is by electric room heaters rather than gas. The building sits within a cosmopolitan, student-heavy neighbourhood and an area classified as very deprived, which will influence tenant demand and long-term capital growth compared with family-oriented suburbs.
Long lease security is strong, with approximately 129 years remaining, EPC rating C, and no flood risk. This is a straightforward, income-focused property for a buyer prioritising yield and low-management living over large growth upside.